In today’s (10 May) Queen Speech the Conservatives announced a new financial services bill, which includes regulation reforms to promote UK businesses' “growth and international competitiveness”.
The annual speech outlined the government's legislative programme for upcoming parliamentary session, this time delivered by Prince Charles for the first time instead of the Queen. A spokesperson for Buckingham Palace said the Queen would not be attending due to "episodic mobility problems". Among the 38 bills presented many of them focused on support for the UK economy in the face of the cost-of-living crisis. Market Movers Blog: FTSE All-World falls more than 3% as Treasury yields rise Aside from the measures regarding inflation management and regional inequalities, one new progr...
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